Key facts
- W. R. Berkley's second-quarter profit increased.
- Net written premiums rose 2.4% to $3.43 billion.
- The combined ratio improved to 90% from 91.6% a year ago.
- Net investment income grew by 10.4% to $418.7 million.
- Profit attributable to common stockholders was $452.3 million, or $1.15 per share.
Commercial insurer W. R. Berkley reported an increase in second-quarter profit, benefiting from strong investment gains and consistent underwriting performance. The company's net written premiums, a key measure of policy volume, grew by 2.4% to $3.43 billion for the quarter ending June 30. W. R. Berkley achieved a combined ratio of 90%, indicating profitable underwriting, an improvement from 91.6% in the same period last year. Net investment income saw a 10.4% rise, reaching $418.7 million. Overall profit for common stockholders amounted to $452.3 million, or $1.15 per share, up from $401.3 million, or $1 per share, in the prior year's quarter. Demand for insurance products remained resilient as businesses and households sought protection against potential losses.